Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) has acquired Next, an office building scheme in the Helsinki metropolitan area, from NCC Property Development. The parties have agreed not to disclose the purchase price.
With a gross leasable area (GLA) of roughly 9,200 square meters, the nine-storey single-tenant property has 125 bicycle parking spaces and 141 car parking spaces, 30 of which feature charging stations for electric vehicles.
The building has been fully let for twelve years to Fiskars Group for its new corporate headquarters. The new office building is located in Espoo, the second-largest city in Finland and part of the Helsinki metropolitan area. Completion is scheduled for late 2021.
‘During the coronavirus pandemic, the Nordic real estate markets have showcased their role as an anchor of stability in Europe..’
“We look forward to being active in Finland again with the Fiskars Global HQ,” says Matthias Brodesser, Head of Transaction Management International at Warburg-HIH Invest. “During the coronavirus pandemic, the Nordic real estate markets have showcased their role as an anchor of stability in Europe and are accordingly in demand amongst our investors. As a result, we are continuing the expansion into the Scandinavian markets that we envisioned even before COVID-19. The office development project ‘Next’ is located in a district in which 50% of all companies listed on the Finnish stock exchange are based today – one that will continue evolving dynamically into a mixed-use quarter in the years ahead. We were able to acquire the fully let project development under good terms at an early stage.”
“In Keilaniemi Next, we have worked closely together with all parties to develop an office project with a modern and sustainable working environment. Warburg-HIH Invest has chosen this project as its first investment coming back to Finland and we are very excited about our collaboration”, says Petri Bergström, Head of NCC Property Development Finland.
The office development project is situated in an established location in the dynamically evolving Keilaniemi office submarket, which is home to the Finnish corporate headquarters of Microsoft, Nestlé and a growing number of start-ups.